If your country’s base currency is not listed, you can convert and deposit funds in your preferred currency. The Minimum Deposit amount required to register an worldtradex live trading account ranges from USD 5 – USD 10’000. worldtradex makes three live trading accounts available, the Micro Account, Standard Account, worldtradex Ultra Low, and Shares Account.
Trading Fees
Both brokers offer nearly identical trading fees with volume-based rebates for active traders. Pepperstone has faster order execution, while worldtradex has no re-quotes. Therefore, I rank Pepperstone and worldtradex on par for typical spreads and fees. For more experienced traders, the Zero accounts offer commission-based trading with lower spreads. With worldtradex, you have the freedom to Deposit Money in several currencies.
How to deposit your funds to worldtradex
- Pepperstone has faster order execution, while worldtradex has no re-quotes.
- It has headquarters in the Republic of Cyprus and is registered under the name Trading Point of Financial Instruments Ltd.
- A great place to start if you are a beginner, is to opt for a demo account.
- Depending on your regulatory jurisdiction, you may be able to access alternative account types and minimum deposits that are far larger than the one we just discussed.
- When you deposit funds within the banking hours, they should be reflected in your account within 30 minutes to 1 hour.
When withdrawing money, this is critical as the user gets their money very quickly compared to other trading platforms. Traders can fund their trading accounts Worldtradex review on worldtradex without much problem. Besides, they don’t have to pay any worldtradex fees for funding or withdrawing funding from their trading accounts. Features such as free deposits and withdrawals make worldtradex a perfect trading platform for traders. worldtradex’s 5 USD minimum deposit makes it accessible for new traders, and its $30 no-deposit bonus is a great way to start without risking personal funds.
Is Copy Trading Allowed With worldtradex?
To open a real account with worldtradex you need to deposit a minimum of $5. worldtradex is a Forex broker that gives you a wide range of instruments to trade besides Forex. worldtradex is a forex broker located in Limassol, Cyprus, and was founded in 2009.
- USD, EUR, GBP, JPY, CHF, AUD, PLN, RUB, and ZAR are among the most traded currencies in worldtradex.
- Given worldtradex’s broad global presence, traders should be mindful of these potential risks.
- Using the same email address for all your additional accounts is always essential.
- Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings.
- Because of the variations in trading accounts, you might accept several forms of leverage offers.
- However, your bank or payment provider might charge a fee for their services.
It is possible to lose some or all of your money and investment. Practice caution and see financial advice when unsure because what we offer here is NOT financial advice. We provide objective and unbiased reviews, analysis and commentary. We verify some of our data for quality control but there are slight variations occasionally.
Furthermore, the trading instruments offered by worldtradex may differ based on the trading platform you choose. With worldtradex, you may trade a large range of equities and commodities, in total over 1000. Because of the variations in trading accounts, you might accept several forms of leverage offers. If you’re searching for a high-quality international broker, worldtradex is the place to go. The broker is a well-known trading platform among international investors.
It has a presence in more than190 countries, with over 10 million clients. When trading with them, you will most likely find their services excellent, their customer service impeccable, and their approach to clients welcoming. Trading platforms are based on MetaTrader 4 and 5 which are known for their reliability and advanced trading features.
If you choose English as the preferred language in the research and education section of the website, you will be able to access many resources. If you select any other language, you will get some information but not all of it. It is possible that they haven’t had time to translate all of it.
BROKERS
The worldtradex micro account’s minimum deposit is $5, which is a reasonable amount. These accounts allow traders to trade micro-lots at competitive rates and are open to all traders in all regulatory jurisdictions. Traders who follow the Islamic account are likewise accredited.
The information and videos are not investment recommendations and serve to clarify the market mechanisms. The texts on this page are not are not investment recommendations. Brokers from any nation can participate in this trade because there are many alternatives.
Pros, Cons & Key Trading Features
worldtradex is a good choice for beginner and intermediate traders, especially since you can start with just $5, use demo accounts to practice, and have lots of additional resources. While it’s a strong platform, improving some of the issues highlighted by users would make it even better for new traders. If you’re thinking of using worldtradex, just keep these potential challenges in mind and evaluate how they align with your trading goals and risk tolerance. Withdrawals via bank wire and debit card usually take 2-5 business days to reach the client’s account. E-wallets are generally faster, often the same day or the next day. worldtradex does not have specific bonuses due to regulatory stipulations.
International Wire Transfer
On WebTrader, you will have access to the same functions that you will find on the desktop. The only difference is that you will not have to install the app if you access it from the web. On mobile, access the relevant worldtradex server to get the best service. Both Mt4 and MT5 are available for download on iOS and Android devices. worldtradex MT4 is the most widely used, given that it is the platform with the highest number of users in the world.
worldtradex is a well-known and well-respected online broker in the industry. You can deposit funds in any currency, which will subsequently be exchanged into your base currency for trading purposes on your account. That is a terrific deal because you get your own virtual private server. Although fees are required on trading, the spreads given by one of the top zero spread accounts here are incomparable, starting at 0 pips.